NAI Chase Commercial Real Estate represents Kratos in lease renewal

HUNTSVILLE, AL – NAI Chase Commercial Real Estate, an office of NAI Global, announced today it has successfully negotiated a 10-year lease renewal on behalf of Kratos Defense & Security Solutions, Inc., at the company’s local headquarters building at 4904 Research Drive in Cummings Research Park.

The process included a negotiation for a change in the company’s lease structure as well as the construction of an additional high-bay structure on the site to serve the company’s government customers.

“We were represented by Randy Thomas and Rick Davis, and simply put, the end result was favorable terms and a facility expansion plan supportive of our growth in the Huntsville market,” said Charles Farmer, Senior Vice President for Kratos.

“It’s our opinion that this lease renewal is a confirmation of Kratos’ commitment to our community and their local and national customers,” Thomas said. “Rick and I were honored to have been able to represent them, and this is the latest transaction among several we’ve done in North Alabama, demonstrating a steady demand for commercial space in the aerospace and defense sector.”

In addition to the representation by NAI Chase Commercial, the landlord was represented locally by Kyle Collins, Collier’s International.